RiverNorth Capital and Income Fund (NYSE:RSF) Cut to Hold at Wall Street Zen

Wall Street Zen lowered shares of RiverNorth Capital and Income Fund (NYSE:RSF) from a buy rating to a hold rating in a research report released on Thursday.

RiverNorth Capital and Income Fund Price Performance

Shares of RiverNorth Capital and Income Fund stock opened at $14.98 on Thursday. RiverNorth Capital and Income Fund has a twelve month low of $14.78 and a twelve month high of $16.02. The company’s fifty day moving average is $15.14 and its 200 day moving average is $15.21.

RiverNorth Capital and Income Fund Announces Dividend

The firm also recently disclosed a dividend, which will be paid on Friday, May 30th. Investors of record on Friday, May 16th will be paid a $0.1357 dividend. The ex-dividend date of this dividend is Thursday, May 15th. This represents a dividend yield of 10.71%. RiverNorth Capital and Income Fund’s dividend payout ratio is 119.33%.

Institutional Trading of RiverNorth Capital and Income Fund

Institutional investors have recently modified their holdings of the business. Absolute Investment Advisers LLC bought a new stake in shares of RiverNorth Capital and Income Fund in the fourth quarter worth $189,000. Tabor Asset Management LP bought a new stake in RiverNorth Capital and Income Fund during the first quarter valued at $198,000. Raymond James Financial Inc. bought a new stake in RiverNorth Capital and Income Fund during the fourth quarter valued at $330,000. Shaker Financial Services LLC bought a new stake in RiverNorth Capital and Income Fund during the fourth quarter valued at $911,000. Finally, Nomura Holdings Inc. bought a new stake in RiverNorth Capital and Income Fund during the fourth quarter valued at $3,088,000.

RiverNorth Capital and Income Fund Company Profile

RiverNorth Specialty Finance Corporation’s ISS Governance QualityScore as of N/A is N/A. The pillar scores are Audit: N/A; Board: N/A; Shareholder Rights: N/A; Compensation: N/A.